Bank Julius Baer & Co. Ltd Zurich Boosts Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bank Julius Baer & Co. Ltd Zurich grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 405,675 shares of the technology company’s stock after acquiring an additional 14,743 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Jack Henry & Associates were worth $66,291,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of JKHY. Guinness Asset Management LTD raised its position in Jack Henry & Associates by 2.9% during the 3rd quarter. Guinness Asset Management LTD now owns 2,644 shares of the technology company’s stock worth $400,000 after buying an additional 74 shares during the last quarter. Curated Wealth Partners LLC increased its holdings in shares of Jack Henry & Associates by 5.5% during the 3rd quarter. Curated Wealth Partners LLC now owns 1,438 shares of the technology company’s stock valued at $217,000 after purchasing an additional 75 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in shares of Jack Henry & Associates by 0.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,654 shares of the technology company’s stock valued at $1,459,000 after purchasing an additional 81 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Jack Henry & Associates by 1.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,504 shares of the technology company’s stock worth $1,134,000 after acquiring an additional 83 shares in the last quarter. Finally, Cardinal Capital Management increased its holdings in Jack Henry & Associates by 0.7% in the 4th quarter. Cardinal Capital Management now owns 13,380 shares of the technology company’s stock worth $2,186,000 after acquiring an additional 89 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. TheStreet raised shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Wolfe Research initiated coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They issued a “peer perform” rating on the stock. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $172.42.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded up $0.69 during mid-day trading on Thursday, hitting $165.89. 240,179 shares of the company were exchanged, compared to its average volume of 426,082. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $170.82 and a 200-day simple moving average of $163.00. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 3.90 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The firm had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. During the same period last year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were given a $0.55 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, March 7th. This represents a $2.20 annualized dividend and a yield of 1.33%. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.